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Nigeria in the eye of the crypto storm!

Nigeria in the eye of the crypto storm!



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  1. There seems to be a more than decent level of activity in local cryptos for Nigeria:

    https://localcryptos.com/Bitcoin/Nigeria

    I don’t see why more activity on centralized platforms such as Binance would be a good thing.

    We simply don’t want custodial centralism!

    Therefore, the central bank of Nigeria is doing people a favor by migrating them to noncustodial peer-to-peer marketplaces.

  2. tldr; Nigeria has the highest number of cryptocurrency users in the world, according to a 2020 survey by data platform Statista. 32% of Nigerians are users of cryptocurrencies, the highest proportion of any country. Nigeria’s central bank banned banks from facilitating cryptocurrency-related transactions in 2017, but the ban remained largely unenforced this year.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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